Analyst: $60,000 becomes Bitcoin's new accumulation range, with a potential cycle bottom at $48,000.

PANews, June 16 — CryptoQuant analyst Axel Adler Jr. stated in a post that Bitcoin’s adjusted Spent Output Risk Ratio (SSRR) entered the red zone for the first time as BTC dropped to $60,000, with loss-making supply exceeding profit-making supply, indicating significant stress among holders. Historically, this indicator entering the red zone has often coincided with market bottoming periods. Meanwhile, the CVDD valuation model suggests a structural bottom near $48,300—a level that Bitcoin has almost never closed below in its history. Bitcoin has since rebounded to $66,000, smoothing

PANews15:14

Express News | U.S. Congress Pushes to Establish a Cryptocurrency Theft Enforcement and Coordination Task Force

Breakings08:46

Shares of Crypto-linked Stocks Are Trading Higher Amid a Rise in Bitcoin After the U.S. Struck a Deal With Iran.

Benzinga00:37

Waller's Debut: Will the Most Crypto-Savvy Fed Chair in History Bring a Pleasant Surprise or a Shock to the Market?

Waller would be the first Fed chair in history to disclose holdings of virtual assets in financial disclosure filings. Will the most crypto-savvy Fed chair ever bring a pleasant surprise or a nasty shock to the market?

Jinse Finance15:17

Express News | Most crypto funds believe Bitcoin has not yet reached its bottom, and the market trough may form by late Q3 to early Q4.

BreakingsJun 15 16:28

Galaxy: Bitcoin may not have hit bottom yet—where could it fall next?

This report indicates that Bitcoin’s 'four-year cycle' may still persist, but with diminishing volatility. Market and on-chain data suggest that BTC has not yet reached its bottom, and the article outlines several potential scenarios for a market bottom.

Jinse FinanceJun 15 15:31